Okta

Okta shares closed at their highest level since December 2021, driven by demand for verifiable digital identities for AI agents. In the second fiscal quarter, the backlog for the next twelve months rose 14% to $2.59 billion, revenue grew 11%, and free cash flow increased to $227 million (28% of revenue). A PwC survey indicates further tailwinds from rising cyber budgets, while the valuation is around 49 times estimated earnings for the next twelve months and Okta now expects only 11–12% short‑term order growth for the current quarter. » Mere på deraktionaer.de

Okta has launched the Blueprint Alliance together with industry heavyweights such as AWS, Google Cloud, CrowdStrike, Databricks and others to develop common standards and security practices for deploying AI agents. The alliance complements Okta’s Blueprint with a reference architecture for localization, authorization control, monitoring and response for agents, and plans to explore cross-vendor exchange of risk signals via open standards. Okta brings existing capabilities like Universal Directory and Agent SSO and announces new components such as Agent Gateway and shadow-agent detection; enhanced kill-switch functionality is planned for Q4. » Mere på heise.de

Okta is positioning its identity platform not only for employees and customers but also for autonomous AI agents, and has joined the newly founded Blueprint Alliance to develop standards for such agents. The company reported 11% revenue growth for Q2 and saw its stock rise by more than 57%. Okta thereby underscores its role as a guardian of critical infrastructure against automated attacks. » Mere på finanzen.net

Jim Cramer praised Okta after talking with Silicon Valley leaders, citing Todd McKinnon’s claim that Okta can authenticate AI agents and stop related attacks. Okta reported Q2 fiscal 2027 revenue of $805 million (up 11% YoY), subscription revenue of $793 million, improved operating income and free cash flow, and raised full-year revenue guidance to $3.216–3.226 billion. Despite margin improvements, revenue growth is decelerating, valuation multiples are elevated, and competition plus high R&D spending present risks. » Mere på finance.yahoo.com

Jim Cramer flagged Okta’s analyst meeting as the week’s most consequential corporate event after CEO Todd McKinnon described how the company’s identity-security technology could identify and track AI agents to help stop malicious systems. Cramer said the presentation could show how cybersecurity firms fit into the AI debate and noted the meeting comes during a typically volatile September and after a recent Fed rate hike. Investors will watch the event for concrete product or market implications for Okta amid otherwise light corporate news flow. » Mere på cnbc.com